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Saturday, August 27, 2005
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MONEY & BANKING

FOREX


Rupee sheds early gains; bonds rise
MUMBAI: The rupee slightly appreciated against the dollar on rumours of a second round of the revaluation of the Chinese yuan. The rupee opened at 43.72/73 and touched an intra-day high of 43.66, when rumours of the revaluation hit the ... More

INFORMATION TECHNOLOGY


IDRBT plans focus on R&D, IT infrastructure management
THE Institute for Development and Research in Banking Technology (IDRBT) is in the process of charting out a medium term framework for the next three years to gear up for future challenges in the banking sector. The framework encapsulates the ... More

INSURANCE


Insurers need capital infusion as business grows — `Foreign partners resort to warehousing'
WITH the Government unrelenting on raising the foreign equity threshold in the insurance sector, foreign companies have found new methods of shoring up the capital in their respective domestic joint ventures. Sources said that the ... More

GENERAL INSURANCE


Risk management is our strength: Bajaj Allianz
"We are concentrating on health insurance. We hope to achieve Rs 100 crore premium from the health segment this fiscal," says Mr Krishnamoorthy Rao. More

RBI & OTHER CENTRAL BANKS


RBI nod must for gifting securities to residents outside India
THOSE who transfer by way of gifts, securities including shares or debentures to residents outside India will have to obtain prior approval from the Reserve Bank of India. The value of the gift or security is not to exceed the rupee equivalent ... More

INVESTOR GRIEVANCES


NSI grievance cell
HYDERABAD: Investors facing difficulties at the counters of the National Savings Institute (NSI) have an easier chance to get their grievances addressed. The Regional Director, NSI of Karnataka and Andhra Pradesh, would be visiting ... More

ALLIANCES & JOINT VENTURES


Corporation Bank ties up with MCX
THE Mangalore-based Corporation Bank is set to make its overseas foray with a representative office in Dubai, for which it is likely to get approval within two to three weeks, said Mr V.K. Chopra, Chairman and Managing Director. "We want to ... More



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